HONG KONG RISK EXPERTS WARN THAT INCREASED TENSIONS WITH BEIJING COULD HARM TERRITORY’S CLOTHING SECTOR
July 1st, 2021
A recent warning by the US government against investing in Hong Kong because of the strengthened Chinese security presence may weaken Hong Kong’s standing as a major centre for sourcing clothing and textile goods from mainland China, observers in the Special Administrative Region say. The warning, issued by US President Biden on July 16, ended decades of the US government encouraging American business to work in Hong Kong. The territory – officially autonomous – remains a clothing and textile production centre, as well as a hub for international trading ...
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